Indian online dating industry
In November 2014, Noida-headquartered Vee raised
In November 2014, Noida-headquartered Vee raised $1 million from Lightspeed Venture Partners.“There has been a cultural shift in metros and big cities and Indians are now more open to having boyfriends or girlfriends, in comparison to a few years ago,” Pragya Singh, vice president—retail and consumer products at Technopak Advisors, told Quartz.Woo, on the other hand, is backed by Matrix Partners, Omidyar Network and mobile technology company, U2opia.||
In November 2014, Noida-headquartered Vee raised $1 million from Lightspeed Venture Partners.million from Lightspeed Venture Partners.
Still, many—including Woo—count their success in terms of relationships that culminate in wedlocks.
Another example is Bengaluru’s Floh, which doesn’t consider itself a dating service, because it caters to men and women in the age group of 25-35 years who join the platform with a more “serious intent” of finding a spouse, explained CEO Siddharth Mangharam.